sur Gabriel Resources Ltd. (CVE:GBU)
Gabriel Resources Reports Q3 2025 Financial Results Amid Ongoing Legal Challenges
Gabriel Resources Ltd. released its Q3 2025 financial results, showing a net loss of CAD 3.1 million, an increase from CAD 2.7 million in Q3 2024. The rise in net loss was driven by litigation provisions and increased foreign exchange gains, partially offset by reduced administrative expenses.
Significant legal proceedings continued as Gabriel sought to annul an unfavorable ICSID arbitration decision against Romania. Despite the request for intervention by the European Commission being denied, Gabriel and its subsidiary faced a precautionary seizure over assets in Romania, which remains contested in court.
The company improved its liquidity with cash and equivalents rising to CAD 1.7 million by September 2025. Private placements raised CAD 3.9 million, contributing to the reduced shareholders' deficit. Gabriel's litigation efforts include an adverse judgment requiring payment of €150,000 and accrued costs, for which suspension has been agreed.
R. P.
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